MetLife Investment Management LLC Has $8.40 Million Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

MetLife Investment Management LLC raised its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,205 shares of the company's stock after purchasing an additional 1,734 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of Casey's General Stores worth $8,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Casey's General Stores during the 4th quarter worth approximately $236,500,000. Norges Bank purchased a new position in Casey's General Stores in the 4th quarter worth approximately $175,607,000. Wellington Management Group LLP boosted its holdings in Casey's General Stores by 160.1% in the fourth quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock valued at $169,666,000 after purchasing an additional 263,545 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Casey's General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock worth $204,861,000 after buying an additional 174,586 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Casey's General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after acquiring an additional 119,350 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In related news, Director Mike Spanos bought 256 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. KeyCorp started coverage on Casey's General Stores in a research report on Friday, April 11th. They issued an "overweight" rating and a $500.00 target price for the company. Evercore ISI raised their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average price target of $430.33.

Casey's General Stores Stock Up 0.0 %

NASDAQ:CASY traded up $0.05 during trading hours on Friday, hitting $447.34. 419,471 shares of the stock traded hands, compared to its average volume of 286,374. The firm has a 50 day moving average price of $423.31 and a 200 day moving average price of $413.61. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a fifty-two week low of $313.67 and a fifty-two week high of $468.88. The firm has a market cap of $16.60 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the business posted $2.33 earnings per share. Casey's General Stores's revenue for the quarter was up 17.2% compared to the same quarter last year. Equities research analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

Casey's General Stores Profile

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.